Why isn’t there more recognition for the potential of co-ops as a better form of economic system? Their goal is the well-being of their members (the communities they serve) instead of ever-increasing profit (even though they can be very profitable). Isn’t that a more rational goal?
I keep reading about many examples of well-operated coops, which outperform traditional business structures (though I imagine poorly operated ones would be susceptible to similar problems as a poorly operated business). The Desjardins credit union in Quebec is often cited, and this article talks about a very interesting Spanish co-op.
Yet, I don’t see political parties using the co-op model much as a basis for their direction. Usually they’re on a capitalist/socialist spectrum,. Co-ops seem like a different axis that could implement the best of many worlds without some of the major problems in capitalism or communisim.
This site itemizes some common principles among co-ops around the world http://www.coopscanada.coop/en/about_co-operative/about_co-ops
“…provide consumers with a distinct values-based and community-owned and controlled alternative. Unlike the private, public, or voluntary sectors, all co-operatives around the world are guided by the same seven principles:
– Voluntary and open membership
– Democratic member control
– Member economic participation
– Autonomy and independence
– Education, training, and information
– Co-operation among co-operatives
– Concern for community”